taking the current FBM share price into account, there’s not much to collect there. I’m assuming that Ed thinks that it’s better to wait until the price improves before selling more of the shares they have. There is also still the possibility that LSR get more FBM shares when Kangaroo Hills finds 10mt Li.
So, agree that it’s tight for LSR but there’s still some assets in the drawer that can be used… although there are a lot of ifs and when’s attached to the value of the assets. but not a lot of wiggle room.
Im really hoping for some good results from Earaheedy. If they don’t hit anything I’m assuming that they’ll probably be sitting things out hoping that fbm price picks up.
Ann: Entitlement Offer Despatch, page-16
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